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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ObjectOne Information Systems reported a significant decline in annual performance for FY2026 ended March 31. Revenue fell to Rs. 1450.32 lakhs from Rs. 1802.41 lakhs in the previous year, representing approximately 19.5% decline. Net profit after tax dropped sharply to Rs. 9.08 lakhs from Rs. 84.04 lakhs in FY2025, a decline of about 89%. The company recorded negative operating cash flow of Rs. 57.99 lakhs compared to positive Rs. 488.98 lakhs in the prior year. Inventories increased substantially from Rs. 221.23 lakhs to Rs. 362.97 lakhs. The statutory auditors P. Murali & Co. issued an unmodified (clean) opinion on the financial results. However, the auditors included an Emphasis of Matter paragraph noting concerns about the absence of actuarial valuation report for gratuity liability estimation.
The sharp decline in revenue, profit, and negative cash flow are concerning for shareholders. The clean audit opinion provides some comfort, but the Emphasis of Matter on gratuity valuation raises questions about completeness of financial disclosures. The stock may face selling pressure given the 89% drop in net profit.